All up in my Business .
The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts.
Example :A landscaper may work alone or hire a small team of employees. Landscapers maintain lawns, plants and trees of homeowners and businesses. Most landscaping companies working with commercial customers hire employees to work on projects.
Example :General partnerships are the basis for many legal firms. An example of a general partnership among attorneys might be, “The Law Offices of Smith, Jones and Daniels.”
Example: McDonalds , Sonic ,Best Western, Hooters
unlimited liability-Unlimited liability refers to the legal obligations general partners and sole proprietors because they are liable for all business debts if the business can't pay its liabilities.
stock-the capital raised by a business or corporation through the issue and subscription of shares.
dividend- check paid usually quarterly representing portion of corporate profits
board of director- runs company